The UK Insolvency Service has appointed Andrew Small, a former police investigator with a background in economic crime, as its first crypto intelligence specialist. His role will focus on recuperating cryptocurrency from bankruptcy and criminal cases, following a staggering 420% increase in crypto-related insolvency cases in the UK over the past five years. The estimated value of crypto assets involved in these cases surged 364 times to approximately 523,580 British pounds ($709,500). Small emphasized the recoverability of crypto assets and aims to enhance the understanding of cryptocurrency types and the technology for transactions. The service's head of intelligence expects Small's expertise to bolster collaboration among investigators dealing with crypto ownership cases. Efforts to reclaim crypto coincide with new regulations requiring UK crypto firms to report detailed customer transaction data starting January 1, 2026, aimed at improving transparency in the industry.

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